Articles by Jason Spits

ATO, Compliance

ATO toughens breach stance

ATO trustees breaches

The ATO will give fewer warnings but more penalties to SMSFs that breach their obligations under a recalibrated enforcement model.

read more
ATO

Non-lodgement numbers remain high

annual return non-lodgement

The ATO will ask thousands of SMSFs why they should not be ruled non-compliant as the numbers that have not lodged an annual return remain high.

read more
ATO, Auditing

Auditors slow to respond on SAN misuse

SAN misuse

SMSF auditors have been slow in coming forward about the misuse of their auditor numbers, but the ATO has increased action on reported cases.

read more
ATO, Tax

Sector won’t win NALE battle

NALE SMSF

Change to non-arm’s length expenses (NALE) provisions are unlikely but better guidance on its application will be forthcoming, according to an SMSF technical expert.

read more
Education, FASEA

AFA designation holders get FASEA credit

FASEA credit for AFA designation

FASEA has given AFA members one credit for education undertaken to attain the association’s FChFP designation.

read more
Infrastructure

Infrastructure can boost SMSF returns

unlisted infrastructure SMSF

Research conducted by an infrastructure manager has found a small allocation to the asset class can provide a long-term boost to the performance of an SMSF portfolio.

read more
Education, Estate Planning

Topdocs launches estate planning training

Topdocs estate planning

Legal document provider Topdocs will build on its partnership with The Legal Hub to provide free estate planning to financial advisers.

read more
ASIC, Auditing

ASIC bans SMSF auditor, acts on five others

ASIC action SMSF auditors

ASIC has taken action against six SMSF auditors after receiving referrals from the ATO to examine their level of compliance with legal obligations.

read more
Direct Property, Residential Property

Property fragmenter lists first development project

property fragmented

A property group offering segmented investments at smaller entry figures has opened access to its first ground-up development.

read more
Education, FASEA

FASEA panned but deadline extension supported

FASEA deadline extension

Labor has supported an extension to the deadline for advisers to comply with new education standards, but has criticised how FASEA has handled the changes.

read more

Copyright © SMS Magazine 2025

ABN 80 159 769 034

Benchmark Media

WordPress website development by DMC Web.